GST Registration Required - when

Q: HSG society is required to register
if total income exceed the threshold 20L
and
pay GST only
if the monthly maintenance fee exceeds 5000 per flat or any flat having above the threshold.
Also society has to pay the GST on other charges levied on the members and non members.Also society has to pay GST on reverse charge basis for any Goods services supplied by an unregistered person or on specified RCM services i.e. advocate services etc.

Mr. Prabhat Jain, Apartment Resident

5th October 2017

Legal in Kharadi Bypass Road, Pune

housing society

gst

co-operative housing societies

gst on housing society

maharashtra housing society is covered under gst

housing society under gst

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Replies (3)

Impact of changes post GST council meeting dated 06 Oct 2017
1 Quarterly Return filling if Society is turnover or annual receipts are less than 15 crore than SocietyRWA is require to file quarterly returns instead of monthly return
2 No RCM on purchases There wont be any RCM on input Purchases Section 94 CGST And 54 IGST from unregistered dealers so no more GST liability on RCM till March 2018
3 No Requirement to pay GST at the time of receipt of advances if taxpayer having annual turnover below 15 crore
All these amendments will provide relief to the small tax payers and the CHSRWA in following the GST compliance requirement

Mr. Prabhat Jain, Apartment Resident

21st November 2017

Comment

Hi Folks....very good topic for discussion. On certain transactions, it is expected that reverse charge mechanism will be applicable and accordingly the GST will have to be paid first and then the credit may be claimed.
Under GST, all dealers including a society will have to file three returns in a month for each and every transaction on the billing side on 10th of following month and on expenses side on 15th of following month and consolidated return on 20th of following month and an annual return has to be filed.

Upendra Limaye, Pune

27th October 2017

Comment

Gst is applicable to the dealer-person who is providing service or supplying goods in the regular course of business activity. Thus a housing society will be considered as carrying out activities in furtherance of business and will be liable for registration under GST.

Keshavrao Jedhe, Pune

27th October 2017

Comment

And exemption are available on the basis of turnover. If the aggregate receipt of turnover of society is less than Rs20 lakh, it will not be liable for registration and tax collection.

If the Society’s aggregate receipt of turnover is more than Rs20 lakh but less than Rs50 lakh and does not desire to claim any tax credit on its expenses paid GST, it can go for Composition Scheme under Section 10.

And If the aggregate receipt of turnover of society is more than Rs.50 Lakh, it will be fully covered like any other business entity.

Rajiv Bajaj, Pune

27th October 2017